PepsiCo Raised Annualized Dividend By 7% To $5.42 Per Share From $5.06 Prior
Portfolio Pulse from Benzinga Newsdesk
PepsiCo announced a 7% increase in its annualized dividend to $5.42 per share from $5.06, marking the 52nd consecutive annual dividend increase. The new dividend rate is effective with the June 2024 payment.
February 09, 2024 | 11:07 am
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PepsiCo has increased its annualized dividend to $5.42 per share from $5.06, effective June 2024. This is the 52nd consecutive year of dividend increases.
Dividend increases are often viewed positively by the market as they signal confidence in the company's financial health and future prospects. PepsiCo's announcement of a 7% increase in its annualized dividend, marking the 52nd consecutive year of increases, is likely to be seen as a strong endorsement of its financial stability and growth outlook. This could lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
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IMPORTANCE 90
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